SREI Infra slips on profit booking

SREI Infrastructure Finance fell 2.77% to Rs 45.60 at 15:25 IST on BSE on profit booking after the stock rose 14.39% in the preceding four trading sessions to Rs 46.90 on 6 April 2015, from a recent low of Rs 41 27 March 2015.

Meanwhile, the BSE Sensex was up 32.87 points, or 0.12%, to 28,537.33.

On BSE, so far 1.17 lakh shares were traded in the counter, compared with an average volume of 2.49 lakh shares in the past one quarter.

The stock hit a high of Rs 47.50 and a low of Rs 45.20 so far during the day. The stock hit a 52-week high of Rs 57.55 on 3 July 2014. The stock hit a 52-week low of Rs 27 on 9 April 2014.

The stock had underperformed the market over the past one month till 6 April 2015, falling 7.31% compared with 3.21% decline in the Sensex. The scrip had also underperformed the market in past one quarter, rising 1.41% as against Sensex's 5.62% rise.

The small-cap company has an equity capital of Rs 503.09 crore. Face value per share is Rs 10.

On a consolidated basis, SREI Infrastructure Finance's net profit rose 49% to Rs 23.59 crore on 2.8% increase in total income to Rs 828.86 crore in Q3 December 2014 over Q3 December 2013.

SREI Infrastructure Finance has been a pioneer in infrastructure financing in India.

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